Factor Price Disparity and Retained Ownership of Feeder Cattle: An Application of Feedlot and Carcass Performance Data to Farm-Level Decision Making
作者： Brad J. White , John D. Anderson , W. Blair McKinley , Jane Parish
DOI: 10.1017/S107407080002277X
关键词:
摘要: In this study, we used farm-level data from a university feed-out program to evaluate how the value of feeder cattle ultimately realized through finishing and grid pricing differs their market at public auction. Consistent with theory factor price disparity, results indicate that significant risk premiums exist in market. Producers known feedlot performance, carcass potential, or both might be better off retaining ownership calves marketing them way communicates information is about potential performance directly buyer.
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